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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
Usd/Jpy: Dec4 close Y112.38, Dec5.......>
YEN SUMMARY: Usd/Jpy: Dec4 close Y112.38, Dec5 Asia range Y112.38-63, Europe
Y112.48-70
*Eur-Jpy: Dec4 close Y133.30, Dec5 Asia range Y133.35-71, Europe Y133.23-74
*Steady demand in early Asia lifted the dollar from near Y112.40 to Y112.58
before meeting supply
*Minor pullback to Y112.38 encountered willing dip buyers off the low,
Japanese/Real money accounts aided the recovery to hold Y112.55/60
*UST yields firmed into Europe, Usd/Jpy managed to grind out a fresh high of
Y112.70 but with lack of follow through faded
*Yen crosses started to pressure, rate touched pullback lows of Y112.48
*Having touched early European highs of Y133.74, Eur/Jpy felt the weight of
persistent Gbp/Jpy selling pressure. Initially stalling around the Y133.40/45
area, second wave supply moved through the Asia low to Y133.23. Yen pairs later
recovered, last Y133.43/Y112.60
*US data highlights today from International Trade at 1330GMT, Services PMI at
1445GMT, followed by ISM-Nonmfg Index at 1500GMT.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.